Price trend
According to the Commodity Market Analysis System of SunSirs, as of March 13th, the average market price of meta phenylenediamine was 37,166.67 RMB/ton. On March 6th, the average market price of meta phenylenediamine was 36,166 RMB/ton, an increase of 2.76% compared to last week.
Cost side
Pure benzene: The price of pure benzene in China had slightly increased this week. On March 13th, the price of pure benzene was 8,492.17 RMB/ton, an increase of 2.99% from last week and 16.19% from the same period last year. The negotiations and transactions for pure benzene in the East China market were positive, but the operators were concerned about the subsequent downstream maintenance situation. The sellers were bullish on the future market and their willingness to ship decreased.
Nitric acid: The domestic price of nitric acid had slightly decreased this week. On March 6th, the price of nitric acid was 1,860 RMB/ton, and on March 13th, it was 1,833 RMB/ton, a decrease of 1.45% from last week and 28.3% from the same period last year. As of March 13th, market transactions were weak and lacked positive support. Industry insiders mainly relied on inquiries, and it will take time for transactions to recover.
Downstream side
Resorcinol ran smoothly. The construction of the curing agent terminal was slightly slow, maintaining the rigid demand and rational procurement. The current inventory in the dye market was tight, with limited orders in the reactive dye market and a cold trading atmosphere in the dispersed dye market.
Market outlook
Overall, the raw material market had shown strong performance, with strong cost support and downstream procurement plans. Affected by supply and demand, it had a positive impact on the price of meta phenylenediamine. Under the influence of various factors such as supply and demand and raw materials, it is expected that the market of meta phenylenediamine will fluctuate within a range mainly.
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